GI: Personal

irdai-maintains-d-sii-status-for-lic-gic-and-new-india-assurance-for-fy-2023-24

IRDAI maintains D-SIIs status for LIC, GIC, and New India Assurance for FY 2023-24

March 28 2024

The IRDAI confirms continued designation of three key insurers as Domestic Systemically Important Insurers.

Seven insurers among 15 institutions in Korea's first joint climate stress test

March 27 2024

The Bank of Korea and Financial Supervisory Service will conduct stress test, with findings used to steer country's low-carbon transition.

major-claim-looms-for-pi-clubs-after-singapore-flagged-ship-causes-collapse-of-baltimore-bridge

Cost of Baltimore bridge collapse could run into the billions

March 27 2024

Claims to be well in excess of GXL US$100m attachment point, leaving reinsurers bearing bulk of insured cost, but risk understood to be spread across 80 reinsurers.

Fitch maintains ratings for Etiqa entities amid net profit turnaround

March 27 2024

Group's financial performance rebounds to a profit in 1H 2023 thanks to a substantial increase in net invesment income.

korean-insurers-profits-soar-45-5-in-first-year-under-ifrs-17

Deferred acquisition costs under IFRS 17 see Korean insurers' profits soar 45.5%

March 27 2024

Industry sees 6% fall in overall premium income, but life insurers' net profits rise 37.6% and non-life's soar 50.9%, in first year under IFRS 17.

Fitch: Pressure on Chinese insurers' investment returns amid market volatility

March 26 2024

Despite market challenges, potential move towards riskier assets remains limited, thanks to stringent C-ROSS capital framework.

APAC’s fac market poised for further growth

March 26 2024

Rising rates and increased retentions continue to drive demand for better risk management solutions.

Fitch upgrades Huatai Property & Casualty's Rating following Chubb's increased stake

March 25 2024

Fitch boosts Huatai P&C to 'A+' after Chubb's ownership jump to 85.5% in Feb.

kidi-to-support-development-of-risk-assessment-database-in-vietnam

KIDI to support development of risk assessment insurance database in Vietnam

March 25 2024

Korea Insurance Development Institute enhances partnership with VIDI, to help strengthen Vietnam's insurance capabilities.

sompo-international-sets-sights-on-singapore-and-asia-exansion

Sompo International sets sights on Singapore and Asia expansion - report

March 25 2024

Sompo International sets sights on expansion in Singapore and Asia, undeterred by Japan's interest rate policy shift.

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